Chris Hulatt, co-founder of Octopus Group, delivered a keynote address at the Young Entrepreneurs Forum launch, emphasizing the need for structured support for young entrepreneurs in the UK. He highlighted the barriers many aspiring entrepreneurs face, including lack of savings and resources. The initiative aims to gather insights during its year-long program to inform a policy report. Sean Kohli, chair of the forum, warned that while the UK is filled with potential, outdated education and fragmented financial systems hinder young talent from succeeding in the current entrepreneurial landscape.
"Lots of people who would like to start a company just can't because they haven't got the savings or resources to fall back on."
"What I would like to see is the UK figure out how to properly support young entrepreneurs with all of the ingredients that we know are needed to help turn ideas into reality."
"Policy caters to incumbents; young founders are boxed out by cost, complexity, or by a lack of access."
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